Indian Oil Corporation Limited — Important, 05-07-2025: Updates

Indian Oil Corporation Ltd. has announced a dividend of Rs. 3 per share for FY 2024-25, subject to approval. The company will deduct tax at source on dividends paid to shareholders, with rates varying based on residency status, PAN validity, and submission of prescribed documents like Form 15G/15H for residents or tax residency certificates for non-residents. Shareholders must submit relevant declarations and documents by the specified deadline to avail lower or no tax deduction on dividends. This ensures compliance with applicable tax provisions while optimizing post-tax dividend income for investors.